Plastic Calendaring Resins Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,900	117 Pages	TechSci Research	July, 2023	TCSI18083044

Best Price Guarantee
Price	from $4,900
Length	117 Pages
Publisher	TechSci Research
Published Date	July, 2023
SKU	TCSI18083044

Plastic Calendaring Resins Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

Segmented By Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others), By End Use (Food & Beverages, Healthcare & Medical, Automotive, Others), By Region and Competition

Plastic Calendaring Resins market is anticipated to expand significantly through 2028 due to the growing demand from the food & beverage sector. In 2021, the annual sales of retail food and beverage in the United States were around USD 880 billion.

With government's strict rules and policies to decrease single-use plastic waste, boost biodegradable plastics, and emphasize a sustainable future result in the extensive use and demand for bio-plastic calendaring resins increases. A growing understanding of various properties of these resins, including durability, toughness, flexibility, and abrasion resistance, increases the demand for plastic calendaring resins. Rising demand from end-use industries, including food & beverage, healthcare & medical, and cosmetic & personal care, are anticipated to drive the global Plastic Calendaring Resins Market in the projected period.

High Demand for Flexible Packaging

Flexible packaging is a technique for enclosing goods in non-rigid materials, allowing for more affordable and adaptable solutions. Food and beverage, personal care, and medical sectors employ flexible packaging. Consumers are drawn to packaging that offers ease, product safety, and longer shelf life. According to research by the Flexible Packaging Association, more than 60% of consumers preferred flexible packaging as it is easier to store, reseal, and open and has a longer shelf life.

For instance, according to the Flexible Packaging Association, approximately 2/3 of all packaging is for food & beverages, and about 90% of flexible packaging is used for these products.

Therefore, increasing demand for flexible packaging anticipated market growth in the upcoming years.

Increasing Demand from Food & Beverage Sector

Due to consumers busy schedules and changing consumer preferences, convenience food is getting more and more popular. The variety of readily available food substitutes has expanded because of innovative packaging and cutting-edge technologies, including packed, frozen, chilled, etc. The makers of packaging are most concerned with providing product safety and sustainability. Food is being packaged by consumer goods companies more often, which has altered customers' desires for quick meals. To achieve this, consumer goods companies are shifting toward the use of PVC, PET, and PETG packaging films for food products. These packaging films have a variety of properties like flexible packaging, reseal ability, UV resistance, shock resistance, recyclable nature, improved shelf life, no contamination, and low shrinkage tendency. In addition, these packaging films are preferred by many food industries as they are more economical than other packaging materials.

For Instance, FSSAI 2022 released a direction regarding the Operationalization of Draft Food Safety and Standards (Packaging) Amendment Regulations, 2022, regarding using recycled plastic as food contact materials with immediate effect.

Thus, increasing demand from the food & beverage sector leads to the growth of the market in the forecast period.

Polyethylene Terephthalate (PET) will be the Key Type

Polyethylene Terephthalate (PET) calendaring resin has special characteristics, including flexibility, recyclable nature, and heat and impact resistance. Due to its heat resistance and durability, PET resin is mostly used in the cosmetic and food sectors. The items created from PET are great for hard food packaging, meal trays, and cosmetic packaging.

Moreover, PETG calendaring resin has both the properties of polyethylene terephthalate and glycols. It has a low thermal expansion coefficient along with a good stiffness-to-weight ratio making it an excellent material for various applications like automotive parts, consumer goods packaging, etc.

Therefore, increasing demand for calendaring resins will accelerate the growth of the Global Plastic Calendaring Resins Market in the upcoming years.

Recent Developments

In December 2022, SABIC collaborates with Scientex to develop the world’s first flexible food packaging made based on advanced recycled OBP, using SABIC-certified circular polypropylene (PP).
Cosmo Films set up a CPP film production line in Aurangabad at an investment of USD 18 million for expanding film production for packaging applications in April 2022.
In December 2021, SABIC introduced LNP ELCRIN IQ, a new chemically upcycled polybutylene terephthalate (PBT) calendaring resin made from PET bottle debris that was dumped into the ocean to reduce ocean pollution.
The cooperation between NEOS Olefins & Polymers and Saica Natur in a supply arrangement for recycled LDPE and LLDPE was announced in September 2020.

Market Segmentation

Global Plastic Calendaring Resins Market is segmented based on type, end-use, and region. Based on the type, the market is fragmented into polyvinyl chloride (PVC), polyethylene terephthalate (PET), polypropylene (PP), and others. Based on the end use, the market is segmented into food & beverages, healthcare & medical, automotive, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Market Players

Formosa Plastics Corporation, Eastman Chemical Co, Saudi Basic Industries Corporation, Indorama Ventures Public Company Limited, LOTTE Chemical Corporation, LG Chem Ltd., Reliance Industries Limited, LyondellBasell Industries Holdings B.V., INEOS Olefins & Polymers USA, LLC, Westlake Corporation are some of the key players of Global Plastic Calendaring Resins Market.

Report Scope:

In this report, Global Plastic Calendaring Resins market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Plastic Calendaring Resins Market, By Type:
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Others
Plastic Calendaring Resins Market, By End Use:
Food & Beverages
Healthcare & Medical
Automotive
Others
Plastic Calendaring Resins Market, By Region:
North America
United States
Mexico
Canada
Europe
France
Germany
United Kingdom
Spain
Italy
Asia-Pacific
China
India
South Korea
Japan
Thailand
South America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Plastic Calendaring Resins market.

Company Information

Detailed analysis and profiling of additional market players (up to five).

1. Product Overview: 1.1. Market Definition; 1.2. Scope of the Market; 1.2.1. Markets Covered; 1.2.2. Years Considered for Study; 1.2.3. Key Market Segmentations
2. Research Methodology: 2.1. Objective of the Study; 2.2. Baseline Methodology; 2.3. Key Industry Partners; 2.4. Major Association and Secondary Sources; 2.5. Forecasting Methodology; 2.6. Data Triangulation & Validation; 2.7. Assumptions and Limitations
3. Executive Summary: 3.1. Overview of the Market; 3.2. Overview of Key Market Segmentations; 3.3. Overview of Key Market Players; 3.4. Overview of Key Regions/Countries; 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Plastic Calendaring Resins Market Outlook: 5.1. Market Size & Forecast; 5.1.1. By Value & Volume; 5.2. Market Share & Forecast; 5.2.1. By Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others); 5.2.2. By End Use (Food & Beverages, Healthcare & Medical, Automotive, Others); 5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa); 5.2.4. By Company (2022); 5.3. Market Map; 5.3.1. By Type; 5.3.2. By End Use; 5.3.3. By Region
6. North America Plastic Calendaring Resins Market Outlook: 6.1. Market Size & Forecast; 6.1.1. By Value & Volume; 6.2. Market Share & Forecast; 6.2.1. By Type; 6.2.2. By End Use; 6.2.3. By Country; 6.3. Pricing Analysis; 6.4. North America: Country Analysis; 6.4.1. United States Plastic Calendaring Resins Market Outlook; 6.4.1.1. Market Size & Forecast; 6.4.1.1.1. By Value & Volume; 6.4.1.2. Market Share & Forecast; 6.4.1.2.1. By Type; 6.4.1.2.2. By End Use; 6.4.2. Mexico Plastic Calendaring Resins Market Outlook; 6.4.2.1. Market Size & Forecast; 6.4.2.1.1. By Value & Volume; 6.4.2.2. Market Share & Forecast; 6.4.2.2.1. By Type; 6.4.2.2.2. By End Use; 6.4.3. Canada Plastic Calendaring Resins Market Outlook; 6.4.3.1. Market Size & Forecast; 6.4.3.1.1. By Value & Volume; 6.4.3.2. Market Share & Forecast; 6.4.3.2.1. By Type; 6.4.3.2.2. By End Use
7. Europe Plastic Calendaring Resins Market Outlook: 7.1. Market Size & Forecast; 7.1.1. By Value & Volume; 7.2. Market Share & Forecast; 7.2.1. By Type; 7.2.2. By End Use; 7.2.3. By Country; 7.3. Pricing Analysis; 7.4. Europe: Country Analysis; 7.4.1. France Plastic Calendaring Resins Market Outlook; 7.4.1.1. Market Size & Forecast; 7.4.1.1.1. By Value & Volume; 7.4.1.2. Market Share & Forecast; 7.4.1.2.1. By Type; 7.4.1.2.2. By End Use; 7.4.2. Germany Plastic Calendaring Resins Market Outlook; 7.4.2.1. Market Size & Forecast; 7.4.2.1.1. By Value & Volume; 7.4.2.2. Market Share & Forecast; 7.4.2.2.1. By Type; 7.4.2.2.2. By End Use; 7.4.3. United Kingdom Plastic Calendaring Resins Market Outlook; 7.4.3.1. Market Size & Forecast; 7.4.3.1.1. By Value & Volume; 7.4.3.2. Market Share & Forecast; 7.4.3.2.1. By Type; 7.4.3.2.2. By End Use; 7.4.4. Spain Plastic Calendaring Resins Market Outlook; 7.4.4.1. Market Size & Forecast; 7.4.4.1.1. By Value & Volume; 7.4.4.2. Market Share & Forecast; 7.4.4.2.1. By Type; 7.4.4.2.2. By End Use; 7.4.5. Italy Plastic Calendaring Resins Market Outlook; 7.4.5.1. Market Size & Forecast; 7.4.5.1.1. By Value & Volume; 7.4.5.2. Market Share & Forecast; 7.4.5.2.1. By Type; 7.4.5.2.2. By End Use
8. Asia-Pacific Plastic Calendaring Resins Market Outlook: 8.1. Market Size & Forecast; 8.1.1. By Value & Volume; 8.2. Market Share & Forecast; 8.2.1. By Type; 8.2.2. By End Use; 8.2.3. By Country; 8.3. Pricing Analysis; 8.4. Asia-Pacific: Country Analysis; 8.4.1. China Plastic Calendaring Resins Market Outlook; 8.4.1.1. Market Size & Forecast; 8.4.1.1.1. By Value & Volume; 8.4.1.2. Market Share & Forecast; 8.4.1.2.1. By Type; 8.4.1.2.2. By End Use; 8.4.2. India Plastic Calendaring Resins Market Outlook; 8.4.2.1. Market Size & Forecast; 8.4.2.1.1. By Value & Volume; 8.4.2.2. Market Share & Forecast; 8.4.2.2.1. By Type; 8.4.2.2.2. By End Use; 8.4.3. South Korea Plastic Calendaring Resins Market Outlook; 8.4.3.1. Market Size & Forecast; 8.4.3.1.1. By Value & Volume; 8.4.3.2. Market Share & Forecast; 8.4.3.2.1. By Type; 8.4.3.2.2. By End Use; 8.4.4. Japan Plastic Calendaring Resins Market Outlook; 8.4.4.1. Market Size & Forecast; 8.4.4.1.1. By Value & Volume; 8.4.4.2. Market Share & Forecast; 8.4.4.2.1. By Type; 8.4.4.2.2. By End Use; 8.4.5. Thailand Plastic Calendaring Resins Market Outlook; 8.4.5.1. Market Size & Forecast; 8.4.5.1.1. By Value & Volume; 8.4.5.2. Market Share & Forecast; 8.4.5.2.1. By Type; 8.4.5.2.2. By End Use
9. South America Plastic Calendaring Resins Market Outlook: 9.1. Market Size & Forecast; 9.1.1. By Value & Volume; 9.2. Market Share & Forecast; 9.2.1. By Type; 9.2.2. By End Use; 9.2.3. By Country; 9.3. Pricing Analysis; 9.4. South America: Country Analysis; 9.4.1. Brazil Plastic Calendaring Resins Market Outlook; 9.4.1.1. Market Size & Forecast; 9.4.1.1.1. By Value & Volume; 9.4.1.2. Market Share & Forecast; 9.4.1.2.1. By Type; 9.4.1.2.2. By End Use; 9.4.2. Argentina Plastic Calendaring Resins Market Outlook; 9.4.2.1. Market Size & Forecast; 9.4.2.1.1. By Value & Volume; 9.4.2.2. Market Share & Forecast; 9.4.2.2.1. By Type; 9.4.2.2.2. By End Use
10. Middle East and Africa Plastic Calendaring Resins Market Outlook: 10.1. Market Size & Forecast; 10.1.1. By Value & Volume; 10.2. Market Share & Forecast; 10.2.1. By Type; 10.2.2. By End Use; 10.2.3. By Country; 10.3. Pricing Analysis; 10.4. MEA: Country Analysis; 10.4.1. South Africa Plastic Calendaring Resins Market Outlook; 10.4.1.1. Market Size & Forecast; 10.4.1.1.1. By Value & Volume; 10.4.1.2. Market Share & Forecast; 10.4.1.2.1. By Type; 10.4.1.2.2. By End Use; 10.4.2. Saudi Arabia Plastic Calendaring Resins Market Outlook; 10.4.2.1. Market Size & Forecast; 10.4.2.1.1. By Value & Volume; 10.4.2.2. Market Share & Forecast; 10.4.2.2.1. By Type; 10.4.2.2.2. By End Use; 10.4.3. UAE Plastic Calendaring Resins Market Outlook; 10.4.3.1. Market Size & Forecast; 10.4.3.1.1. By Value & Volume; 10.4.3.2. Market Share & Forecast; 10.4.3.2.1. By Type; 10.4.3.2.2. By End Use
11. Market Dynamics: 11.1. Drivers; 11.1.1. Rising demand from Food & Beverage Industry; 11.1.2. Growing demand from Healthcare & Medical Sector; 11.1.3. Increasing demand for Flexible Packaging; 11.2. Challenges; 11.2.1. Easy availability of various alternatives; 11.2.2. Stringent Government regulations
12. Market Trends & Developments: 12.1. Product Launches; 12.2. Merger’s & Acquisitions; 12.3. Technological Advancements
13. Global Plastic Calendaring Resins Market: SWOT Analysis
14. Porter’s Five Forces Analysis: 14.1. Competition in the Industry; 14.2. Potential of New Entrants; 14.3. Power of Suppliers; 14.4. Power of Customers; 14.5. Threat of Substitute Types
15. Competitive Landscape: 15.1. Business Overview; 15.2. Type Offerings; 15.3. Recent Developments; 15.4. Financials (In Case of Listed Companies); 15.5. Key Personnel; 15.6. SWOT Analysis; 15.6.1. Formosa Plastics Corporation; 15.6.2. Eastman Chemical Co; 15.6.3. Saudi Basic Industries Corporation; 15.6.4. Indorama Ventures Public Company Limited; 15.6.5. LOTTE Chemical Corporation; 15.6.6. LG Chem Ltd.; 15.6.7. Reliance Industries Limited; 15.6.8. LyondellBasell Industries Holdings B.V.; 15.6.9. INEOS Olefins & Polymers USA, LLC; 15.6.10. Westlake Corporation
16. Strategic Recommendations